Jesse Pollak, creator of the Layer 2 blockchain Base, says he's been asked to lead the Coinbase team responsible for the exchange's wallet.

"I’m really excited to take on this new mandate and to accelerate our mission of bringing a billion people and a million builders on-chain," he said on a post on X. "Coinbase Wallet will continue to work across the entire onchain economy, and we’ll start the work of embodying the other Base values in even more ways."

Coinbase first launched its self-custody wallet in 2017 for mobile, then in 2021 for the desktop as an extension for Google's Chrome browser. The app has climbed the rankings of free finance apps in Apple's App Store this year, beginning September at #99 and starting October at #79.

Pollak was named one of CoinDesk's most influential in 2023 for his work on Base. The blockchain, which recently crossed the $2.2 billion mark in total value locked (TVL), launched a wrapped version of bitcoin on the protocol in mid-August.

Edited by Parikshit Mishra.